FTI Consulting has today been appointed as administrators of DC London Pie Limited, a franchisee of Pizza Hut dine-in restaurants
Pizza Hut is set to close 68 of its UK restaurants after the dine-in part of its business collapsed into administration.
The restaurant chain has not revealed how many jobs are at risk. DC London Pie Limited, a franchisee of Pizza Hut dine-in restaurants, has today appointed FTI Consulting as administrators.
Yum! Brands, the global owner of Pizza Hut, has agreed to save 64 locations and 1,277 jobs as part of a pre-pack administration.
A pre-pack administration is where the sale of a business or its assets is agreed before the administration process begins. Pizza Hut takeaway branches are unaffected by the announcement today.
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A spokesperson for Pizza Hut UK said: “Today Pizza Hut UK announces the acquisition of the Pizza Hut dine-in operations through a pre-packaged administration, after FTI was announced today as administrators of DC London Pie Limited, a franchisee of Pizza Hut dine-in restaurants.
“We are pleased to secure the continuation of 64 sites to safeguard our guest experience and protect the associated jobs. Approximately 1,277 team members will transfer to the new Yum! equity business under UK TUPE legislation, including above-restaurant leaders and support teams.“
Nicolas Burquier, Managing Director Pizza Hut Europe and Canada, said: “This targeted acquisition aims to safeguard our guest experience and protect jobs where possible.
“Our immediate priority is operational continuity at the acquired locations and supporting colleagues through the transition.”
Directional Capital took over 139 Pizza Hut restaurants in January 2025, saving 3,000 jobs in the process, after its previous operator Heart with Smart Limited collapsed with debts of almost £40million to investor Pricoa Capital.
DC London Pie was created by Directional Capital to run Pizza Hut restaurants in the UK. The first Pizza Hut in the UK opened in 1973 in Islington, London. At its height, the chain operated over 260 restaurants nationwide, with 10,000 staff.
This is the latest in a line of struggling business that have announced closures in recent months. Poundland has shut dozens of stores following a major restructure of its business, after the budget retailer was sold for £1 to an investment firm.
The budget high street chain had 800 branches earlier this summer, but now expects this will reduce to around 650 to 700 stores through mixture of closures, as well as when leases expire.
Bodycare closed all its stores last month after the struggling beauty chain collapsed into administration earlier this month. At the time, Bodycare announced it would immediately shut 32 stores, then just days later, the retailer confirmed another 30 stores would close permanently. It later announced that its remaining 56 stores will close for good.